| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.7B | $1.7B | -15.7% | -15.7% |
| Op. Income | -$108M | $132M | $184M | -181.8% | -158.7% |
| Gross Margin | 25.4% | 33.5% | 33.8% | -8.1pp | -8.4pp |
| Net Margin | -5.8% | 6.2% | 9.3% | -11.9pp | -15.1pp |
| EPS (Diluted) | $-1.03 | $1.29 | $1.79 | -179.8% | -157.5% |
| Free Cash Flow | $43M | $273M | $240M | -84.2% | -82.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $365M |
| R&D Expenses | $0 |
| Selling & Marketing | $200M |
| General & Administrative | $82M |
| SG&A Expenses | $282M |
| Other Expenses | $191M |
| Operating Expenses | $473M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | -$108M |
| Interest Income | $14M |
| Interest Expense | $7M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | -$26M |
| Net Income from Continuing Ops | -$83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$83M |
| D&A | $136M |
| EBIT | -$102M |
| EBITDA | $34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$83M |
| Depreciation & Amortization | $136M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $80M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$107M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $997M |
| Short-Term Investments | $0 |
| Net Receivables | $392M |
| Inventory | $800M |
| Other Current Assets | -$379.0K |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $3.8B |
| Goodwill | $2.3B |
| Intangible Assets | $362M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $535M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $616M |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $631M |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $891M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $2.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$277M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.1B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $526M |
| Net Debt | -$471M |
